AsiaOne

WASHINGTON, D.C., April 05, 2023 (GLOBE NEWSWIRE) — New Oceana-supported research, published in Marine Policy, finds harmful fisheries subsidies from wealthy nations like China, Spain, and the United States are disproportionately impacting poorer nations like Guinea-Bissau, Somalia, and Namibia that depend on fish for food security and livelihoods. The paper, which expands on analyses prepared for Oceana’s Transparent Oceans Initiative, reveals that 20-37% of all harmful fisheries subsidies support distant-water fishing in other countries’ waters or on the high seas. That equates to about USD $5.3 billion each year. More than 40% of the harmful subsidies that support fishing in…